Posts Tagged ‘finance’

Financial Recovery isn’t an overnight thing

Tuesday, September 23rd, 2008

With all the bailouts going on with AIG, our banking system, the freezing of the ability of investors to short financial institutions, it would be easy to say “happy days are here again.” Judging by the mini bounces in the stock market, some investors think that the future is rosier than before. Without meaning to shatter their worldview, we still have a long way to go to get back on track as a country and as individuals.

People are losing their homes, they are being thrown out of their apartments for not paying rent and they are getting clobbered with the rising costs of food. We are on track for stagflation and we need to do something collectively now as a county and as individuals.

As an individual, you can help your country by writing, emailing, visiting our Congressional leaders, our state leaders and Presidential candidates. Tell them that we need work. Tell them that we need inexpensive medical care. Tell them we need to get some programs going where people can work and make an honest living wage out of it. It is getting too expensive to have a decent quality of life in this country. The number one that should be on everybody’s mind is we need something constant in our country and it means we need to stop paying lip service to energy plans and develop some concrete programs with solar, wind and other reusable energy sources. As an individual you need to work on your savings and paying off your bills. Stay healthy and watch what you are eating and drinking. We all need to live longer and healthier lives to enjoy the advances in technology and hopefully positive changes that we can introduce into our society.

I submit that we tell our local, national and international leaders that we need to work on infrastructure. Build new bridges, rebuild the old ones, shore up broken dams, waterways, highways. There is no shortage of things broken down, there is a shortage of good ways to get people working and earning money so they can save and spend some of it. Again, basic economics put into action.

We are going to be entering a world where money will be tighter (I always harp on this) and we need to take care of our special needs people, our elderly and people who need help. In order to do this and do it the right way, we need to get social security working. We need to get some programs that will actually help people and generate income for the country at the same time. Maybe since we own AIG we can do something where we can get trades in goods and services from some countries like commodities that will help us.

Any ideas that you want to share with us? Remember to let your leaders know as well!

Kim Isaac Greenblatt

You are reading the profitable blog by Kim Isaac Greenblatt and getting a license to think!

Profitable Gambling Advice-Don’t Play the Lottery-the Odds Are That It Is A Sucker Bet

Tuesday, July 29th, 2008

Want some great gambling and investing advice? Don’t play the Lottery. If you live in any state that has a state lottery, Powerball or any kind of bingo ball lottery, you’ve seen the ads, you’ve seen people become millionaires overnight. It doesn’t happen very often.

In fact it happens so rarely that you have better odds of being hit by lightning, winning the Congressional medal of honor or winning the Nobel Prize than winning the lotteries.

They are built the way they are to make it seem that it is easy to pick numbers. How easy is it to pick numbers? Let’s see from the California Lottery what the odds are…

How to Win California SuperLotto and Odds of Winning
To win you must have one of the following matches against the number actually drawn:

Match 5 Plus Mega (Jackpot Win!) Odds = 1:41,416,353
Match 5 (No Mega Match) Odds = 1:1,592,937
Match 4 Plus Mega Odds = 1:197,221
Match 4 (No Mega Match) Odds = 1:7,585
Match 3 Plus Mega Odds = 1:4,810
Match 3 (No Mega Match) Odds = 1:185
Match 2 Plus Mega Odds = 1:361
Match 1 Plus Mega Odds = 1:74
Match 0 Plus Mega Odds = 1:49
Overall Odds of a win is 1:23

Okay, so the starting pay out is something like $7 million dollars? The odds of you winning are one out of 41 million? That doesn’t sound like such a great deal. Yes, if you win, it is all worth it but realistically they should be paying you out $41,000,000. So, even if somebody wins out of the chute and they get $7,000,000, they have not paid out what the bet should have been worth.

What does that mean to you? If you really want to play or feel that your numbers are the lucky ones (and you may be better off going with random number Quick Picks to maximize your chances) you should wait till the jackpots are over $41 million. Otherwise, you aren’t getting your bang for your buck.

Here is a profitable idea – how about taking each $1 that you want to invest in the lottery and place it in a savings account or donate it to charity each time you want to play the lottery? If you keep track of your donations over a year, two years or five years you will be pleasantly surprised at what your newly found savings or donations can do!

So, if you are also ready to see how your odds stack up, check out some of these comparisons:

Odds of going into a bowling alley and bowling a 300 game: 11,500 to 1

Odds of going to the golf course and getting a hole in one: 5,000 to 1

Odds of getting canonized: 20,000,000 to 1

Odds of being an astronaut: 13,200,000 to 1

Odds of winning an Olympic medal: 662,000 to 1

Odds of injury from fireworks: 19,556 to 1

Odds of injury from shaving: 6,585 to 1

Odds of injury from using a chain saw: 4,464 to 1

Odds of injury from mowing the lawn: 3,623 to 1

Odds of fatally slipping in bath or shower: 2,232 to 1

Odds of drowning in a bathtub: 685,000 to 1

Odds of being killed on a 5-mile bus trip: 500,000,000 to 1

So, your best deal is to save a dollar and don’t take a bath while taking a 5 mile bus trip in a lightning storm while mowing your lawn with a chain saw!

Kim Greenblatt

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